A personal, guided tour to the best scoops and stories every day in The Wall Street Journal, from Editor in Chief Gerard Baker.

Following the $19 billion purchase last month of text-messaging service WhatsApp, Facebook has now agreed to buy Oculus VR, a maker of virtual-reality goggles. Our story analyzes the pros and cons of the $2 billion cash-and-stock deal and provides background on the young company. Facebook Chief Executive Mark Zuckerberg said on Tuesday that the social network has big plans for the headset, which is currently used for playing video games. "Imagine enjoying a courtside seat at...